ZPG PLC UK Competition and Market Authority's review (1351B)

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RNS Number : 1351B

ZPG PLC

31 March 2017

31 March 2017

ZPG Plc (LSE:ZPG) ("ZPG") or (the "Company")

Re: UK Competition and Market Authority's review

ZPG, owner of some of the UK's most trusted home-related digital platforms including, Zoopla, uSwitch, PrimeLocation, Hometrack and Property Software Group, announces that the Competition and Markets Authority ("CMA") is reviewing the Company's acquisition of Websky Limited ("Expert Agent") and that, accordingly, the CMA has served an initial enforcement order under section 72(2) of the Enterprise Act 2002 ("the order").

Having been informed of the review and the order ZPG is now engaging in a consultation with the CMA and will make a further announcement in due course.

For further information, please contact:

ZPG Plc

Ned Staple, General Counsel and Company Secretary - [e-mail]

Lawrence Hall, Head of Communications - [e-mail]

Rachael Malcolm, Head of Investor Relations - [e-mail]

Maitland

James Isola 020 7379 5151

Notes to Editors

About ZPG Plc (www.zpg.co.uk)

ZPG Plc (LSE:ZPG) ("ZPG") owns and operates some of the UK's most trusted home-related digital platforms including Zoopla, uSwitch, PrimeLocation, Hometrack and Property Software Group. Our mission is to provide the most useful resources for consumers when finding, moving or managing their home and be the most effective partner for related businesses.

We help consumers to understand the property and home services comparison markets and make smarter decisions, whilst helping professionals to win more business and operate more effectively. Our multi-brand, multi-channel approach creates a unique and unrivalled proposition with our websites and mobile apps attracting over 50 million visits per month and over 25,000 business partners using our services.

Zoopla is the UK's most comprehensive property website, helping consumers to research the market and find their next home by combining hundreds of thousands of property listings with market data and local information.

uSwitch is the UK's leading comparison website for home services switching, helping consumers to find the best deal and save money on their gas, electricity, broadband, TV, phone and personal finance products.

PrimeLocation is one of the UK's leading property websites, helping house-hunters in the middle and upper tiers of the market explore and find their dream home from the top estate agents, letting agents and property developers.

Hometrack is a leading automated valuation model (AVM) provider in the UK and Australia, providing residential property market insights, analytics, valuations and data services to over 400 partners including mortgage lenders, new home developers, investors, housing associations and local authorities.

Property Software Group is the UK's largest supplier of software and workflow solutions to the property industry with a portfolio of brands including Alto, Jupix, CFP, Vebra, Core, Encore, MyPropertyFile and MoveIT.

ZPG was founded in 2007 and has a highly experienced management team, led by Founder & CEO, Alex Chesterman OBE.

This information is provided by RNS

The company news service from the London Stock Exchange

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March 31, 2017 03:00 ET (07:00 GMT)